BOOK REVIEW: HOW TO MAKE MONEY IN INTRADAY TRADING

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How to Make Money in Intraday Trading: A Master Class by One of India's Most Famous Traders

Publisher: Vision Books (5 May 2018)

Print Length: ‎ 350 Pages

Author: -  Ashwani Gujral & Rachana A. Vaidya

 This is a superb book to learn trading, even to polish our trading strategies. This book can benefit more for those who are concerned in trading or going to make money in intraday trading. I completed this book in almost twelve hours (not continuous). Due to lockdown in my city, I did not get this book in paperback or hardbound format, so I have to read on printout mode through e-book. By reading in this format, it took less time than actual.


There are very less books are available by Indian author in India. And we all doubt on reading foreign author’s book on trading, by thinking that foreign author’s books may work on Indian stock market or there may be any similarity in trading by country wise. This book almost clears the most of the conceptions and gives answers to the questions which arise during trading.


In this book we read about the reasons of most traders’ failure, they fail to become the profitable trader. We should have to have a unique setup through which we can optimise our trading about this we also read in this book.

The things we find on other sources as so much complex but here writer make it simple with explaining like, how we should use moving average, pivot points, central pivot range (CPR) etc. We also learn about the entry locations, exit locations, stop loss and target points etc. in different trend. We read about the traps involved in the chart by operators to snatch money from the novice traders and the ways to deal with it, and even learn the ways to make money from these traps.

The writer make this book very interesting to read by adding some quotes and some time picture from the Bollywood movies for a moment these things make our mind very refresh and inspire us to learn some new things.



Explaining most of the concepts and strategies through adding the charts is also very good technique used by the writer, as we know learning to trade without chart is impossible. I also found the concept of candles very brief here writer explained all the type of candles in just categorising in only three types.
In this book, if anyone does not know much about trading then he may stuck to the terms related to the trading.

I do not find the ways to prepare for next day, how we can expect the stock which one may to go to uptrend or down trend. I do not find much discussion on volume of the stock and its significance in intraday trading.

I do not find clarity on time frame which time frame is best as per the setup defined in this book. While explaining most of the concepts through chart, there is not much information available on the chart. I mean I do not find any timeframe on most of the charts presented in this book.

As I know the basics of stock market so it was very easy to read this book with curiosity to learn more. I like the chapters of money management, trade management and loss management with risk reward. In the real life most of the people either do not want to learn these managements or skip these theories but I think this is which can sharp our mind to hack any trade opportunity and make profit from most of the trades.

 

 

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